Business
Announcement - close of offer
Announcement - close of offer.
About this update from Alina Holdings Plc
[{"type":"text","content":"\n Local Shopping REIT (The) PLC\n27 April 2007\n\n\n\nThis document is not a prospectus. Investors should not subscribe for any\ntransferable securities referred to in this announcement except on the basis of\ninformation in the prospectus to be issued in due course.\n\n\n\n THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION\n IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN\n\n\n\n27 April 2007\n\n\n The Local Shopping REIT plc (the 'Company')\n\n\nIn connection with the placing and offer of up to 91,954,023 million Ordinary\nShares by the Company, the bookbuilding process in connection with the placing\nclosed at 3.00 p.m. on 26 April 2007 and the offer for subscription closed at\n3.00 p.m. on 24 April 2007.\n\n\nPursuant to the placing the Company will issue 91,129,332 Ordinary Shares in the\ncapital of the Company and a further 824,691 Ordinary Shares pursuant to the\noffer for subscription, comprising 91,954,023 Ordinary Shares in aggregate at a\nprice of 174p per Ordinary Share. Additionally, the Company has 800,000\nOrdinary Shares currently in issue which on Admission will be subject to a 5 for\n1 share split (resulting in 4,000,000 shares being in issue).\n\n\n\nApplication has been made for 95,954,023 shares to be admitted to the Official\nList of the UK Listing Authority and to trading on the London Stock Exchange.\n\n\n\nThe expected timetable of the launch of the Company is as follows:\n\n\nCommencement of conditional dealings in Ordinary Shares* 8.00 a.m. on 27 April 2007\n\nAdmission of the Ordinary Shares to the Official List 2 May 2007\n\nUnconditional Dealings in Ordinary Shares commence 8.00 a.m. on 2 May 2007\n\nCrediting of CREST stock accounts in respect of the Ordinary Shares 8.00 a.m. on 2 May 2007\n\nShare certificates in respect of the Ordinary Shares despatched week commencing 7 May\n\n\n*All dealings in the Ordinary Shares prior to commencement of unconditional\ndealings will be on a 'conditional basis', will be of no effect if Admission\ndoes not take place and will be at the sole risk of the parties concerned.\n\n\n\nThe Company's shares will trade under the name 'LSR'.\n\n\n\nFor further information please contact:\n\nThe Local Shopping REIT plc +44 20 7187 4444\nMike Riley\nNick Gregory\n\nJPMorgan Cazenove +44 20 7588 2828\nRobert Fowlds\nEdward Gibson-Watt\n\nFinancial Dy...